The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-12-15
THE STATE OF TRADE.

Dun'S Weekly Review Of Specula-
items az Trade Centers.
NEW YORK, Dec. 10.-R. q. Dun s.
Co., in their weekly review of trade,
say: Legitimate trade continues fairly
active for the season, though embar-
raised in some branches by the fluctu-
ations in the speculative markets.
Speculation in products, after few
days of wild advance, has taken turn
downward as the natural result of
enormous sales to realize. With rap
idly expanding currency, money is gen.
orally easier than a week ago, though
rates are still high at many points, and
complaints of slow collections do not
diminish. The agitation of the tariff
question already begins to cause re-
vision of calculations for the future
in some departments. The sharp de-
cline in real estate speculations and
prices at some southern and western
points, tends to check developments
there, and subjects investment to some
financial strain.
Large sales of BeSSemer rails at $3.50
are reported, and a sale of steel rails
netting S31 at the mill has been made
Buyers are still backward but some
brokers openly offer below S32.
Coal has declined about 81. Orders
are slackening.
Woolens do not improve in demand
and heavy goods open in some cases be-
low last years prices, SO that manufac-
tuners are not encouraged to increase
their purchases of raw wool which ap-
pears rather weaker.
Raw cotton has declined an but
goods are held at recent advances.
The boot and shoe trade is large and
promising, with exceptionally good
payments, and cheaper material, but
there is complaint that competition
cuts down prices too far.
Leather is weaker.
The movement of freight westward
shows an increase of $50, 900 tons for
November, and east bound shipments
are increasing, but the bank exchanges
of all cities outside of New York begin
to fall below those of last year. The
decline of all cities last week was 14.3
per cent, and outside of New York 90
per cent. AT the most interior points
trade is reported fair for the season
but collections are slow at Detroit,
fair at Memphis and Omaha, and
rather better at Kansas City.
Money at Chicago is in undated de-
mand at per cent, and operators bid
per cent for funds to carry products
at interior towns. Though the money
markets on the whole are easier, the
pressure at speculative centers con-
tinueS
Wheat speculation reached los, OOO
bushels for the week and prices adj
vanced sharply, only to close shade
lower than a week ago.
Corn and oats, in spite of the recent
inaction. gain and 15B cents for the
week, und oil is unchanged.
Coffee has advanced cent and the
excitement in minor metals has lifted
copper 1! cent, and tin nearly l cent
per pound, but reaction in pork pro-
ducts take prices little lower than q
week ago.
The average in food products since
| July 1st was shade over 20 per cent
| on Tuesday. 1t is questioned whether
the legitimate effect of a partial fail
ure of crops has not been fully realized
| in prices, but the increasing supply OF
currency still tends to keep speculation
alive.
The business failures during the last
seven days number for the United
| States 226, and for Canada IS, a tota
| of 254, compared with pa last week
and 275 the corresponding week of. last
wear.